NEW YORK —?When word started to get around three weeks ago that Fred Wilson was heading to Saks Fifth Avenue, it was as if someone had slipped Donna Karan divorce papers while she was on her honeymoon.

Karan, a designer who has held an atypical fascination with the financial side of her company throughout its nearly two-decade-long history, made no secret of her disappointment that Wilson is leaving as chief executive of Donna Karan International only a year into their relationship. Now she is preparing to embark on a new romance, a dance with a new partner, a melding of the energy of masculine and feminine —?and these are her words — with Jeffry M. Aronsson, ceo of another LVMH-owned division, Marc Jacobs International.

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